Regulatory Alerts2021-01-01
Financial Regulatory Authority Board of Directors Decision No. (96) of 2021
The Financial Regulatory Authority issued Board Decision No. 96 of 2021 to amend licensing conditions and share ownership rules for non-banking financial companies under Decision No. 53 of 2018. The amendment requires licensed entities to notify the Authority before altering their board of directors' composition, establishing that a two-week period without an Agency response constitutes automatic approval. This decision takes effect the day following its publication in the Egyptian Gazette and on the Authority's official website.
Share